BrettFogle

BrettFogle

After today's selloff and Bitcoin trending sharply lower, the impending 'Death Cross' of the 50 and 200 EMA seems unavoidable. These levels are unlikely to hold here, especially with more bad news coming out of China and more FUD all around. $25k is the next likely drop, but I'm thinking we may see $20k Bitcoin before it's over and we put in a bottom.

BrettFogle

Weekly Head & Shoulders Forming And Bearish Engulfing Candle Looks Ominous For Bitcoin If We Close Here Today on the Weekly Candle. While many are proclaiming the '2nd Leg' of the great 2021 crypto bull run is about to being... The technicals here don't loom promising. So I'd be limiting any longs here and setting stops in case we break lower and or close at...

BrettFogle

Bitcoin is pulling back from obvious resistance but is still bullish in my opinion. The 5th re-test usually will break so I'm looking for BTC to pull back to the 36,000 level / range and then push higher as shown. Likely retesting the breakout above 42,000 and then heading to $50,000 which is a make or break level. I'm not fully Bullish again until we break...

BrettFogle

This look eerily similar to the H&S I posted on Bitcoin April 22nd. Bitcoin certainly looks weak here, and will likely retest recent lows around $30k, so I'm looking for ADA to roll over here and head lower. Luckly I sold all my ADA with a limit sell order at $1.8 the other day near the high. Will be looking for better entries and another bounce in the coming...

BrettFogle

The chart says it all. ETH is bounding nicely off of its upper trendline support and its Bollinger Bands are tightening so I'd expect a big rebound this week in ETH. Sometimes simple indicators are the best and most reliable. With a bounce here from BTC, ETH should also rebound well.

BrettFogle

With Bitcoin showing signs of life over the last month, it was hard to image we would get here to the $42k-$45k area as I called last month in the last 2 videos. We got here a bit early, but here we are. Elon's tweets were just a catalyst for where the market wanted (and needed) to go. I feel it needed to re-test at least the midline of the large up candle we...

BrettFogle

The weakness in Bitcoin and inability to hold above the recent highs, plus the current chart action indicates we're likely headed lower, to the $42k to $40k area. Doesn't take fancy chartwork, indicators, or 'studies' to see what's likely coming, so protect any longs and stay in cash to buy back lower. Bitcoin needs a rest before running much higher, and the...

BrettFogle

Even though the inverse Head and Shoulders on BTC failed to materialize... And it looked like we were headed to 'Super Alt Season'. With this much money in the cryptoverse right now... Would any of us be surprised there's some bigger players and powers are in really in control here? And with this many retail traders and FOMO 'dumb money' flooding the market,...

BrettFogle

Bitcoin is struggling to break and hold 60,000 and is losing dominance which bodes well for ALTS to have a big run as money flows out of Bitcoin. ETH is also struggling to hold it's new ATH over 2000, which could also fuel massive transfer of investment $$ into alts like DOT, ATOM, UNI, KSM and AAVE who have solved or are a good alternative to ETH and it's...

BrettFogle

BTC has an interesting pattern when it breaks below it's 50 EMA (Purple line) and back above it before it goes much higher, just like it did back in early February 2021 and mid-December 2020. It's is now back above 50,000 and looking strong for another run at it's ATH and my fib projections show it should go to 65-68k on the next bull run. Our proprietary...

BrettFogle

It's not ideal that ETH is clearly below the 50 EMA here, but it is re-testing important previous resistance from January. We could easily see a bounce here and re-test previous highs at 2000 (because nobody expects it to) and even going as high as 2465. Or we'll likely sell off hard from here until we see capitulation and stabilizing at 1000. Either way, good...